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Judge denies White & Case; Chrysler bankruptcy moves on

by David Zatz on

Reuters has just reported that Federal Judge Thomas Griesa denied the Indiana pension funds’ request to delay the sale of key Chrysler assets, a move that would likely push the company into liquidation. The petition, characterized by highly political language vilifying the White House, filed by White & Case claimed that the government did not have the authority to provide financing for the deal. Some industry analysts stated that the lawsuit appears to be politically motivated.

David Zatz founded Allpar in 1998 (based on a site he had begun in 1993-94), after years of writing reviews for retail trades. He has been quoted by the New York Times, the Daily Telegraph, the Detroit News, and USA Today. Before making Allpar a full-time career, he was a consultant in organizational psychology. You can reach him by using our contact form (much preferred) or by calling (313) 766-2304

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